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Moroccan trader: May PP, PE prices to see further hikes

by ChemOrbis Editorial Team -
  • 21/04/2016 (10:49)
A PP and PE trader operating in Morocco highlighted that the Middle Eastern producers’ quotas are very limited while adding that supplies from the European producers are not ample. “In general, quota amounts spared for Morocco are limited while demand has improved recently. We believe that further increases are very likely in May given the approaching high season ahead of Ramadan. However, we do not anticipate large increases. We believe that the modest hike figures should be pronounced,” he added.

PP and PE prices reported in Morocco for April stand at €1160-1190/ton for LDPE film, €1150-1220/ton for LLDPE film, €1200/ton for HDPE film and b/m and at €1300/ton for HDPE injection on a CIF Casablanca, Morocco, 90 days deferred payment basis. For PP, overall prices stand at €970/ton for PP raffia and injection and at €1050/ton for PPBC injection with the same terms.
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